Thomas J. Hanson

Thomas J. Hanson

Winthrop & Weinstine, P.A.

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The Minnesota Legislature recessed around dinnertime on Thursday, April 10 and will reconvene at noon on Tuesday, April 22.

Before departing for their planned Easter/Passover break, the House and Senate pushed through a number of bills in a flurry of activity. Unusually short committee deadlines drove this process. These deadlines were: March 21...more

4/14/2014 - Deadlines Legislative Agendas State Budgets State Taxes

Minnesota Legislature Convenes

The Minnesota Legislature convened at noon on Tuesday, February 25. It hit the ground running with a minimum wage increase and tax cuts at the forefront. It has already passed a $20 million heating assistance bill. The House...more

3/3/2014 - Legislative Agendas Sales & Use Tax State Taxes Telecommunications

Minnesota House and Senate Set 2014 Committee Deadlines

House Speaker Paul Thissen (DFL-Mpls) and Senate Majority Leader Tom Bakk (DFL-Cook), announced today the three committee deadlines for the 2014 session. They are...more

2/6/2014 - Legislative Agendas

Dayton Picks his Chief of Staff as Running Mate

Governor Mark Dayton announced this morning that Tina Smith will be his running mate as Lieutenant Governor on the 2014 ballot. Smith replaces current Lieutenant Governor Yvonne Prettner Solon who recently announced that she...more

2/5/2014 - Political Campaigns

State Releases Forecast Summary: $825 Million Surplus Available for 2014 Session

Minnesota Management and Budget (MMB) released aggregate economic forecast numbers this morning. The total surplus announced, before subtractions for past shifts, is $1.086 billion for fiscal years 2014-15. After the...more

12/6/2013 - State Budgets

Minnesota House sets Pre-filing of Bills Deadline for January 13, 2014

The Minnesota House has set January 13, 2014 as the deadline for the pre-filing of bill introductions for the 2014 Legislative Session. All pre-filed bills will be posted publicly and will be available for interim committee...more

11/12/2013 - Filing Deadlines

So You Want to Know What's Going on in the Tax World

Did the estate tax change? I heard my income tax rate went up. I heard the historic tax credit was extended. These questions and many more are being asked by individual and business taxpayers in the wake of the 2013 Minnesota...more

10/31/2013 - Department of Revenue Tax Reform

MMB Releases October Economic Update

Minnesota Management and Budget (MMB) released the October Economic Update on Thursday, October 10th. The report can be found on the MMB web page below. Below is key information in a question and answer format....more

10/14/2013 - Economic Development Government Shutdown Revenue

"Minnesota has...well, had a surplus"

Minnesota Management and Budget (MMB) has released the end balance for Fiscal Year (FY) 2013 which ended June 30, 2013. This surplus balance of $636 million was immediately used to repay the K-12 school shift. Details of the...more

10/7/2013 - Department of Revenue Public Schools Revenue

State Revenue Lower than Expected for 2nd Straight Month

Minnesota Management and Budget (MMB) announced revenue collections for August are $26 million less than projected. For the FY 2014-2015 biennium (which began July 1), collections are running $46 million behind what was...more

9/12/2013 - Revenue State Budgets

Health Care Exchange Moving Forward

In Minnesota we have become used to the dog days of summer: long hot days spent at the lake, at the state fair, or soaking up sun in the yard. But a new tradition can now be added to these time-honored rituals. For the past...more

7/31/2013 - Health Insurance Exchanges Healthcare

How to Read Minnesota's Economic Reports

As a former Minnesota Management and Budget (MMB) Commissioner, I am frequently asked about the practical differences in the three methods the State of Minnesota uses to provide economic and budget information to the general...more

7/18/2013 - Economic Development Revenue

July Economic Update Reports $463 million more in Revenue

Minnesota Management and Budget’s (MMB) July Economic Update reported that general fund revenues for FY 2013 have increased $463 million since the February Forecast. This revenue increase must be reconciled by MMB with any...more

7/15/2013 - Deficit Reduction Economic Development Economic Downturn State Budgets

Minnesota State Revenue Collections Are Up

Minnesota Management and Budget (MMB) reported on Monday, June 10th that revenue collections in Minnesota totaled $1.4 billion in May. This represents a $25.8 million increase over what was projected to be collected for the...more

6/17/2013 - Revenue

Tax Bills Taking Shape at the Capitol

Both the House and Senate Tax bills have begun to take shape at the Capitol this week. The House Omnibus Tax Bill passed out of the Tax Committee on Wednesday, April 17 and Ways and Means on Friday, April 19. The reform...more

4/22/2013 - Proposed Legislation

Supplemental Budget Released

Governor Mark Dayton formally released his supplemental budget on Thursday, March 14. The Governor’s revised budget is always issued a few weeks after the February Economic Forecast and usually includes only modest changes...more

3/18/2013 - Proposed Legislation State Budgets State Taxes

Proposed List of Newly Taxed Items

According to Governor Mark Dayton’s Sales Tax Reform Plan, all existing and newly taxed items will be subject to a 20% sales tax rate reduction to 5.5%. Here is a list, released by the Minnesota Department of Revenue, of all...more

2/4/2013 - Sales & Use Tax

Governor Mark Dayton Announces FY 2014-2015 Budget Proposal

Governor Mark Dayton released his FY 2014-2015 Budget proposal this morning. The Governor’s Budget reflects the starting point for the five month legislative process in which the House and Senate will assemble Minnesota’s...more

1/23/2013 - Corporate Taxes Income Taxes Property Tax Sales & Use Tax

Governor to Release Budget

Governor Mark Dayton will announce his FY 2014-2015 budget recommendations on Tuesday, January 22nd at 11:00 am in the Skjegstad Room (Room 2000) at the Minnesota Department of Revenue...more

1/22/2013 - State Budgets

Another Look at the Wednesday, December 5th Forecast

Let’s take another look at the State’s December 5th Forecast by breaking it down into two parts. Part 1 involves our current biennium, FY 2012-2013, which only has seven months remaining. Part 2 involves the upcoming...more

12/10/2012

Executive Branch has Advantage in Budget Timing (Part 2)

In Part 1, I described how the Executive Branch has a decided advantage in budget timing and development over the Legislature. (See post from October 18, 2012) The Legislature is not, however, without advantages of its own in...more

11/30/2012 - Budget Reconciliation

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